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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (55271)9/24/2001 8:23:53 AM
From: Real Man  Read Replies (1) | Respond to of 94695
 
I may go long for a trade today. I watch the dollar. The Fed can only control the rates, making cash cheaper. But cash is just paper... Watch the credit spreads as well - we are in a full-blown crisis right now. I think there is a real danger of a collapse of the credit markets. Once it gets going, there will be no way to stop it until it runs it course, cause the use of derivatives is extensive there. Interest rates will shoot up, and the markets and the dollar will go much lower. The world will wind up on some sort of a gold standard eventually